JS Bank’s Successfully Lists Rs. 2.5 Billion Term Finance Certificate
Karachi, 15th July 2019: Striving for growth and innovation since its inception on December 30, 2006, JS Bank has established itself as a leading financial sector institution within Pakistan. Its journey over the past twelve years has been one of challenges, opportunities and ever-greater success resulting in the Bank becoming the 13th largest bank in the national economy.
In the past year alone, the Bank has been one of the leading mutual fund distributors in the banking sector, the 2nd largest bank for Prime Minister Youth Business Loans, and the 3rd largest bank in SME lending. JS Bank also ranks in the top three mortgage providers in Pakistan and is a leading provider of instant loans under the JS Gold Finance product. The Bank recently won the prestigious Asiamoney Award for ‘Best Bank for SMEs’, as well as the award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards.
JS Bank issued its first Perpetual Term Finance Certificate (TFC), which was fully subscribed in less than 4 weeks with a volume of Rs. 2.5 Billion. This TFC is rated “A” and has successfully been listed on the Pakistan Stock Exchange (PSX).
“The successful listing of our first TFC in a very short period of time is indicative of the industry’s confidence in JS Bank’s potential and future outlook.” said Basir Shamsie, President and CEO, JS Bank. “By issuing this instrument, we will be able to continue our successful journey as one of the fastest growing banks in Pakistan.”
Recognizing its role as a catalyst for the economy and the prosperity of the people of Pakistan, JS Bank aspires to continue this journey of impact by providing a variety of conventional and digital financial solutions in the years to come.
About JS Bank:
JS Bank is one of the fastest growing banks in Pakistan, with 345 branches in 172 cities including one international branch. The Bank is a leader in the digital banking space and distribution of insurance solutions. JS Bank has received the prestigious Asiamoney Award for ‘Best Bank for SMEs’ as well as the award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards. The Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, please visit http://www.jsbl.com.